Global Renewable Methanol Market
Global Renewable Methanol Market was valued at 3,350 million in 2021 which expected to reach at USD 5,270 million by 2027, at a CAGR 5.39% from 2022-2027.
Renewable methanol is produced from renewable sources like industrial wastages & biomass. It is main ingredient in the manufacturing of biodiesel production which can be used with automobile fuels. Renewable methanol is widely used across transportation, automobiles, power generation, and chemical manufacturing sectors. Renewable methanol contributes to decreasing carbon dioxide (CO2) emissions level by 60%-80%.
Market Drivers
The increase in demand for renewable methanol as a motor fuel across the transportation sector is expected to augment market growth. Renewable methanol is produced from natural gas, coal and landfill waste, and seaweed. It reduces greenhouse emissions by 15–20 percent as compared to gasoline. Also, it is used as a motor fuel and also has the highest hydrogen-to-carbon ratio as compared to liquid fuel due to its high-octane number.
The rise in environmental concerns due to global warming & changing weather conditions is primarily propelling the market growth of renewable methanol. The depletion of natural resources owing to the increasing reliance on fossil fuels & fluctuating prices of natural gas and crude oil is also contributing to the market of renewable methanol. Thus, increasing environmental concern subjected to Carbon Dioxide (CO2) emission is projected to boost the market growth of renewable methanol.
Market Restraints
Growing demand for agricultural feedstock for the production of biogas &bioethanol is anticipated to hinder the production as well as consumption of renewable methanol. This is expected to limit the market growth of renewable methanol.
Market Segmentation
Global Renewable Methanol Market is segmented into primary sources such as Biomass, Municipal Waste, Industrial Waste, and Others. Further, market is segmented into application such as Formaldehyde, Methyl tert-butyl ether (MTBE), Gasoline, Dimethyl ether, Solvents, and Others.
Regional Analysis
The Global Renewable Methanol Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe & North America are likely to emerge as key renewable methanol market due to the strict government policies about carbon emissions in the regions. Additionally, regulations in Europe regarding mandatory product usage & its blends in automobile industry is likely to fueling regional product demand from 2022-2027.
Key Players
Several key players are listed in the Global renewable methanol market including, Methanex Corporation, BioMCN, Enerkem, Carbon Recycling International, Chemrec Inc., Varmlands Methanol, etc.
Market Taxonomy
By Primary Source
By Application
By Region
Global Renewable Methanol Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Renewable Methanol Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Renewable Methanol Market, By Primary Source
5.1 Y-o-Y Growth Comparison, By Primary Source
5.2 Global Renewable Methanol Market Share Analysis, By Primary Source
5.3 Global Renewable Methanol Market Size and Forecast, By Primary Source
5.3.1. Biomass
5.3.2. Municipal Waste
5.3.3. Industrial Waste
5.3.4. Others
6 Global Renewable Methanol Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Renewable Methanol Market Share Analysis, By Application
6.3 Global Renewable Methanol Market Size and Forecast, By Application
6.3.1 Formaldehyde
6.3.2. Methyl tert-butyl ether (MTBE)
6.3.3. Gasoline
6.3.4. Dimethyl ether
6.3.5. Solvents
6.3.6. Others
7 Global Renewable Methanol Market, By Region
7.1 Global Renewable Methanol Market Share Analysis, By Region
7.2 Global Renewable Methanol Market Share Analysis, By Region
7.3 Global Renewable Methanol Market Size and Forecast, By Region
8 North America Renewable Methanol Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Renewable Methanol Market Share Analysis, By Primary Source
8.3 North America Renewable Methanol Market Size and Forecast, By Application
8.5 North America Renewable Methanol Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Renewable Methanol Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Renewable Methanol Market Share Analysis, By Primary Source
9.3 Europe Renewable Methanol Market Size and Forecast, By Application
9.5 Europe Renewable Methanol Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Renewable Methanol Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Renewable Methanol Market Share Analysis, By Primary Source
10.3 Asia Pacific Renewable Methanol Market Size and Forecast, By Application
10.5 Asia Pacific Renewable Methanol Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Renewable Methanol Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Renewable Methanol Market Share Analysis, By Primary Source
11.3 Latin America Renewable Methanol Market Size and Forecast, By Application
11.5 Latin America Renewable Methanol Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Renewable Methanol Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Renewable Methanol Market Share Analysis, By Primary Source
12.3 Middle East Renewable Methanol Market Size and Forecast, By Application
12.5 Middle East Renewable Methanol Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Methanex Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. BioMCN
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Enerkem
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Carbon Recycling International
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Chemrec Inc
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Varmlands Methanol
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
